British Business Investments (BBI), a commercial subsidiary of the British Business Bank, has announced a new £15m Tier 2 capital facility to specialist bank, PCF Bank. PCF Bank has a long history as a specialist financier of vehicles, plant and equipment. Established in 1994, and launching banking services in 2017, PCF Bank has helped more […]
The change comes amid broader improvements to the eligibility criteria for buy-to-let and home purchase plan products Minimum valuation requirement for houses in multiple occupation and multi-unit freehold blocks cut from £75,000 to £55,000 for UK buy-to-let applicants Rent only term increased to 25 years for UK expats and international residents Contractors are among those […]
Paradigm Mortgage Services has today announced the addition of marketplace for property finance, LendInvest, to its lender panel. From today, Paradigm’s member firms will be able to register with LendInvest and access its range of buy-to-let products available for properties located in England and Wales. LendInvest’s buy-to-let range offers products on standard property types, as […]
An innovative new investment vehicle to provide funds to support UK property deals – commercial and residential – has been launched by one of the UK’s leading private equity firms in conjunction with a financial technology (fintech) firm. MAVEN Bonds has been designed to provide investors with the chance to diversify their investment portfolio while […]
AccountScore and Equifax have today announced the release of a new credit risk index for the consumer lending sector which allows financial institutions to more effectively understand consumers applying for credit products. The index is based upon the transactional information found within a consumer’s bank account and takes advantages of the opportunities provided by Open […]
Mastercard has launched Mastercard Accelerate, a global initiative that simplifies the way that Mastercard works with fintechs, giving them access to everything they need to grow quickly. Offering a simple, single entry-point to the company’s wide portfolio of specialised programs, Mastercard Accelerate gives start-ups and emerging brands support and assistance for every stage of their […]
Commercial landlords are expecting the North of England and the East Midlands to provide the biggest development opportunities in the UK over the next two years with offices and flats seen as the most attractive sectors, according to a new study. The research, by specialist finance company Together, found nearly two out of five (39%) […]
(Top left to right): Norman Peterson, director of GCV and Maven Bonds; Bill Kennedy, non-executive director of GCV and director of Maven Bonds; Craig Peterson, director of GCV and Maven Bonds. (Bottom left to right): Suzanne Lupton, non-executive director of GCV and director of Maven Bonds; Simon Lenney, independent chairman of Maven Bonds An innovative […]
Secure Trust Bank Group has joined the governments’ SME Finance Charter, making a commitment to support SME customers through Brexit and beyond and help ensure that the market continues to work effectively. The charter is a voluntary agreement led by the Business Finance Council which is in collaboration with finance providers, business organisations and the […]
MarketInvoice creates Corporate Solutions team to support larger businesses with turnover between £5m and £50m Corporate Solutions to provide larger credit facilities for invoice finance, business loans and contract finance Team to support businesses left in a void between business banking and corporate banking Business finance company MarketInvoice, has launched a new specialist team to […]
